PRESIDENT UPDATE
Cost of living crisis.
venues because the same cost of living issues affect business.
It’s a phrase which will soon have its own place in the Oxford Dictionary given the rate prices of pretty much everything is increasing. Power and energy, insurance, rents and mortgages, fuel and food costs are all soaring. A federal parliament report recently released showed in the 12 months to March 2022, the Consumer Price Index (CPI) increased by 5.1 per cent – the highest annual rise reported since the introduction of the GST in 2000. Everyone is feeling the crunch and then the hospitality industry also must wear the brunt of the Federal Government’s twice-yearly beer tax. A 2.2 per cent increase was implemented at the start of August, adding to the 3.7 per cent hike in February. It’s pushed the tax on a carton of beer to nearly $25, while the tax on a keg sits at around $78. Australia now pays the third highest beer tax in the world, only behind Scandinavian countries Finland and Norway. The THA, along with our national body AHA, has been calling for a freeze on this tax so businesses can stay afloat, but our concerns continue to fall on deaf ears. Remarkably, in the UK, the Government CUT beer tax at the beginning of August following a Brexit promise to the British pub sector. The decision makers in our country need to start listening to us and provide the right type of help when we need it. The last thing we want is to see a decline in
On a brighter note, it’s very pleasing to see the Tasmanian Government’s commitment and vision to the hospitality and tourism sector following the launch of the 2030 Visitor Economy Strategy and Action Plan. Along with the Tasmanian Hospitality 2030 vision we all have a clear path to help drive Tasmania’s economic growth. I’d like to thank all involved with the development of 2030 Visitor Economy strategy and I look forward to working with them on the actions that will come from it. IN AUGUST THE TAX ON BEER WILL INCREASE AGAIN
MAKING YOUR NEXT SCHOONER MORE EXPENSIVE DON ’T BLAME US THIS IS THE FEDERAL GOVERNMENT
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